Payoff table problem 1 A company must select one of four projects: A,B,C,D. Weekly revenue (in S1,000's) for each projec

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Payoff Table Problem 1 A Company Must Select One Of Four Projects A B C D Weekly Revenue In S1 000 S For Each Projec 1 (27.59 KiB) Viewed 31 times

Payoff table problem 1 A company must select one of four projects: A,B,C,D. Weekly revenue (in S1,000's) for each project depends on whether the economy expands, remains steady, or is in recession. Economy (probability) Alternative Expands (0.3) Steady (0.4) Recession(0.3) Project A 85 40 Project B 22 46 100 Project C 95 60 30 Project D 55 55 55 65 Consider the problem in the figure. Save your calculations: you may use them again later in the exam. Which project is best in accordance with a decision criterion of equally likely (Laplace)? Project A Project B Project C Project D None of the other answers is correct